Herc Holdings Inc. $HRI Shares Purchased by Coliseum Capital Management LLC

Key Points

• Coliseum Capital Management LLC significantly increased its stake in Hercules Holdings Inc. by 213.4% during Q1, now owning approximately 4.60% of the company with a value of $175.89 million.
• Herc Holdings recently reported an EPS of $1.87, surpassing analyst expectations, and announced a quarterly dividend of $0.70 per share to be paid in September.
• Several analysts have adjusted their target prices for Herc, with Robert W. Baird lowering it to $137.00 and Citigroup to $140.00, while Zacks upgraded the rating from "strong sell" to "hold."

Coliseum Capital Management LLC boosted its holdings in shares of Herc Holdings Inc. (NYSE:HRI - Free Report) by 213.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,309,989 shares of the transportation company's stock after purchasing an additional 891,979 shares during the period. Herc comprises approximately 14.7% of Coliseum Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Coliseum Capital Management LLC owned approximately 4.60% of Herc worth $175,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRI. Larson Financial Group LLC lifted its position in Herc by 1,831.3% during the first quarter. Larson Financial Group LLC now owns 309 shares of the transportation company's stock valued at $41,000 after purchasing an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Herc in the fourth quarter worth about $59,000. Caption Management LLC acquired a new position in shares of Herc in the first quarter worth about $91,000. New Age Alpha Advisors LLC acquired a new position in shares of Herc in the first quarter worth about $118,000. Finally, CWM LLC raised its position in shares of Herc by 114.4% in the first quarter. CWM LLC now owns 1,042 shares of the transportation company's stock worth $140,000 after acquiring an additional 556 shares during the period. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Herc Price Performance

HRI stock traded up $9.51 during mid-day trading on Friday, reaching $138.51. The company's stock had a trading volume of 520,375 shares, compared to its average volume of 380,677. The stock has a market cap of $4.60 billion, a PE ratio of 161.06, a P/E/G ratio of 1.63 and a beta of 1.83. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 4.37. Herc Holdings Inc. has a fifty-two week low of $96.18 and a fifty-two week high of $246.88. The company's 50 day moving average is $130.62 and its two-hundred day moving average is $127.73.

Herc (NYSE:HRI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.58. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $868.23 million. Herc had a net margin of 0.61% and a return on equity of 20.77%. Equities research analysts expect that Herc Holdings Inc. will post 12.84 EPS for the current year.

Herc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.70 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. Herc's dividend payout ratio (DPR) is currently 325.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HRI. Citigroup decreased their price objective on shares of Herc from $170.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Robert W. Baird reduced their price target on shares of Herc from $142.00 to $137.00 and set a "neutral" rating for the company in a research report on Wednesday, July 30th. Finally, Zacks Research upgraded shares of Herc from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.60.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.